Yes, it's how it is currently going on for a while now. It goes up and down and hopefully it will shoot up and stay up there because that's how those who have already invested in the cryptocurrency would get to enjoy their investments because the price is now stable for them to trade or sell.
If you watch most of these coins they shoot up higher than they were before then the crash by 25% of their bull run , observe little resistance before another bull run again so litecoin might settle for $200 for a while.
You do have a valid point and it's actually how it's been for a while. The thing is that those that are taking advantage of it already are doing so as well speak, it happens with all Cryptocurrencies and Litecoin own won't be different. So, let's see how it all goes till it stops at a point.
I have also benefited from the strategy for some coins though missed that opportunity when bitcoin was trading within $30,000 to $38,000 though we keep learning the behavior of most these coins on daily basis.
Seriously, a lot people missed out a lot on investing in Bitcoin when it was a lot cheaper but now, it's way too high that no one is looking at putting in fresh investments in the cryptocurrency. There was a friend of mine who started investing in bitcoin when it was at $18k, he's a multi millionaire now.
I also Invested in bitcoin when the price was arround that amount though I sold it off when the price was $36,000 if one is very patient with Crypto currency Investment you will surely smile in the end .
How unfortunate, although you made a decent progress with the profit you made from it, buying at $18k and selling at $38, it's almost double the price of what you invested. Although, it would have been a lot more sweeter if you had been able to wait till now and then sell a part of it and not all.
It is the fear of missing out that do affect such people they don't know each coin has it pattern , it is good to be patient and be observant when Investing in any cryptocurrency and know more about the coin is also very important.
Of course yes, everything should be done with caution involved because we all know how volatile all Cryptocurrencies can be and Litecoin is not excluded from such features in coins. So, as much as we are all to take advantage of the market as it is now , we ought to be very careful as well and not get carried away.
